Tencent Holdings, the investment unit of the eponymous Chinese web browser and media giant, is joining other corporate venture units and private equity players, with its latest investment in Beijing-based app service company Didi Taxi.

The $12m investment was part of a bridge round that reportedly included existing backers investors, Fidelity Growth Partners India, Qualcomm Ventures, Nexus Venture Partners and Catamaran Ventures.

The University of Illinois at Chicago launches a $10m to help research cross the valley of death and beyond.

OrbiMed and Novo are providing $35m of debt, with SKr95m ($15m) of equity from OrbiMed and a number of institutional investors.

This round brings the total capital raised by RetailNext to $29m, including its $8m B round in August 2011.

Apalya Technologies, an Indian mobile video specialist, raises $10m in a fundraising round led by Cisco.

Treato has aggregated and analyzed more than 1.3 billion patient conversations about 24,000 drugs and conditions from thousands of sites.